Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) COO Sells 25,000 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 25,000 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $12.47, for a total value of $311,750.00. Following the completion of the transaction, the chief operating officer now directly owns 371,051 shares in the company, valued at $4,627,005.97. This trade represents a 6.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mattias Stetz also recently made the following trade(s):

• On Thursday, May 8th, Mattias Stetz sold 533 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.01, for a total transaction of $6,401.33.
• On Thursday, May 1st, Mattias Stetz sold 24,467 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.57, for a total transaction of $283,083.19.
• On Wednesday, April 23rd, Mattias Stetz sold 3,777 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.08, for a total value of $45,626.16.
• On Wednesday, April 9th, Mattias Stetz sold 1,223 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.00, for a total value of $14,676.00.
• On Tuesday, April 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $10.84, for a total value of $216,800.00.

Rush Street Interactive Trading Up 4.9%

Shares of Rush Street Interactive stock traded up $0.63 on Friday, hitting $13.41. The stock had a trading volume of 1,216,283 shares, compared to its average volume of 1,818,961. The company's 50 day moving average price is $11.82 and its 200 day moving average price is $12.85. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -670.55 and a beta of 1.85. Rush Street Interactive, Inc. has a 52-week low of $8.52 and a 52-week high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The company had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. During the same period in the previous year, the business posted $0.03 earnings per share. Rush Street Interactive's quarterly revenue was up 20.7% on a year-over-year basis. Analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on RSI shares. Benchmark lifted their price objective on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Wall Street Zen cut shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 1st. Wells Fargo & Company increased their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Susquehanna raised their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. Finally, Macquarie reiterated an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a research report on Friday, May 2nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Rush Street Interactive presently has a consensus rating of "Moderate Buy" and an average price target of $15.63.

Institutional Trading of Rush Street Interactive

A number of hedge funds have recently added to or reduced their stakes in RSI. Rhumbline Advisers raised its stake in shares of Rush Street Interactive by 4.6% during the first quarter. Rhumbline Advisers now owns 108,193 shares of the company's stock worth $1,160,000 after purchasing an additional 4,767 shares during the last quarter. Strs Ohio purchased a new position in shares of Rush Street Interactive during the 1st quarter worth about $589,000. Caxton Associates LLP acquired a new stake in shares of Rush Street Interactive in the first quarter worth approximately $731,000. Goldman Sachs Group Inc. grew its holdings in Rush Street Interactive by 18.8% in the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company's stock valued at $7,394,000 after purchasing an additional 109,366 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Rush Street Interactive by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company's stock worth $484,000 after purchasing an additional 1,893 shares during the period. 24.78% of the stock is owned by institutional investors and hedge funds.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.